Latest Business News Wires - Business Headlines


  • SINGAPORE, Feb 17- Gold hit fresh three-month highs on Monday, adding to gains after posting its biggest weekly rise in six months, as fears over U.S. economic growth and a weaker dollar sent investors seeking the safe-haven metal. *Spot gold rose 0.3 percent to $1,322.24 an ounce by 0026 GMT, after hitting $1,323.76 earlier in the session- its highest since November.

  • *Japan Q4 GDP +0.3 pct vs f'cast +0.7 pct. TOKYO, Feb 17- Japan's economy grew less than expected in the fourth quarter of last year as consumer spending, business investment and exports disappointed in a worrying sign of waning momentum ahead of a planned sales tax increase.

  • Japan Q4 GDP +0.3 pct, fourth straight q/q growth Sunday, 16 Feb 2014 | 6:56 PM ET

    TOKYO, Feb 17- Japan's economy grew 0.3 percent in October-December from the previous quarter, posting the fourth straight quarter of expansion, government data showed on Monday, reflecting firm private consumption and a pickup in capital spending.

  • *Sentiment supported as Wall St looks past soft US data. SYDNEY, Feb 17- Asian markets could take heart on Monday after Wall Street managed to look past more soft U.S. data, though Japanese stocks will be pressured by a stronger yen as the dollar loses altitude.

  • *Switzerland scrambles to contain damage from vote. BRUSSELS/ ZURICH, Feb 16- The European Union said on Sunday it has postponed negotiations with Switzerland on its participation in multibillion-dollar research and educational schemes in the latest fallout from a shock Swiss vote in favour of immigration curbs.

  • SYDNEY, Feb 17- The U.S. dollar languished at six-week lows against a basket of major currencies on Monday, still struggling to get over yet more disappointing U.S. economic news that stood in contrast to better data out of the euro zone and China. The euro touched a three-week high of $1.3717, while sterling scaled a four-year peak of $1.6776.

  • BERLIN, Feb 16- The head of the euro zone's bailout funds, Klaus Regling, said that he believes banks in Spain, Portugal, Cyprus, Greece and Ireland are in good shape and that there will not be any surprises in European Central Bank stress tests due later in 2014.. "I expect that there won't be any big surprises in Spain, Portugal and Cyprus.

  • CHATTANOOGA, Tenn./ WASHINGTON, Feb 16- Workers at Volkswagen AG's Chattanooga, Tennessee, plant may have voted against joining the United Auto Workers union last week but they may still gain some representation in the company through the formation of a works council.

  • Senator Bob Corker, other Republican politicians in the state, and several anti-union pressure groups from Washington slugged it out with the United Auto Workers in the campaign to win over employees at the Chattanooga plant.

  • LONDON, Feb 16- Britain's established designers took to the stage on the third day of London Fashion Week on Sunday to showcase their latest collections celebrating the nation's eccentricity and heritage.

  • BUSINESS-NEWS-SCHEDULE AT 2100 GMT / 4 PM ET Sunday, 16 Feb 2014 | 4:01 PM ET

    Power, steel, cement suggest China's economy not so buoyant. BEIJING- The big debate about how fast China's economy will grow this year can find some answers in the real world, where signs suggest the growth giant is slowly but surely losing its fizz.

  • BEIJING, Feb 17- The big debate about how fast China's economy will grow this year can find some answers in the real world, where signs suggest the growth giant is slowly but surely losing its fizz.

  • HONG KONG, Feb 17- Having traded for years almost oblivious to the notion of risk, China's bond market, Asia's biggest outside Japan, has begun exhibiting characteristics of a genuine credit culture, with onshore investors demanding higher premiums for weak borrowers.

  • *Tanoh is former VP of World Bank's International Finance Corp. ACCRA, Feb 16- Top executives at pan-African lender Ecobank have asked CEO Thierry Tanoh to step down to resolve a crisis of leadership, according to an email sent by the bank's deputy chief executive to its interim chairman.

  • LOS ANGELES/ NEW YORK, Feb 16- "The Lego Movie," an animated film that depicts a world based on the colorful toy blocks, collected $48.8 million to top box office charts for a second week, finishing far ahead of romantic comedy "About Last Night" which had ticket sales of $27 million on a U.S. holiday weekend that kicked off on Valentine's Day.

  • But in January 2012 an old business acquaintance was ready to go public with accusations of widespread mortgage fraud at Bank of America's Countrywide unit, and he turned to Wasinger.

  • The Fed writes the script for Wall Street. Wall Street will resume trading on Tuesday. "We want to see any discussion on the language moving away from the thresholds," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.

  • DUBAI, Feb 16- Iran plans to set up a carbon trading market to reduce industrial emissions of climate-warming gas, an official from Iran's Fuel Conservation Organization told oil ministry news service Shana. Iran has some of the world's largest gas reserves and is major crude oil exporter.

  • HAMBURG, Feb 16- Volkswagen's works council said it would press on with efforts to set up labour representation at its Chattanooga, Tennessee plant, after workers there voted against any such step involving the United Auto Workers union.

  • WASHINGTON, Feb 16- Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week, as they become increasingly resigned to the fact that the cost of doing business in the United States will go up.